IFC and BBVA Argentina Join Forces to Boost SME Financing
Argentina, Dec. 22 -- International Finance Corporation (IFC), a member of the World Bank Group, announced an investment in BBVA Argentina aimed at expanding financing for small and medium-sized enterprises (SMEs) in the country. This initiative seeks to address financing gaps in a sector that plays a fundamental role in Argentina's economic and social stability by generating employment and promoting inclusive growth.IFC's US$150 million investment will enable BBVA Argentina to expand its support for SMEs through longer-tenor financing solutions, in a context characterized by the limited availability of long-term credit in the local market. In this way, the investment will strengthen the bank's capacity to offer sustainable financial servic...
To read the full article or to get the complete feed from this publication, please
Contact Us.